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Nieta (Essor) Group
In this Group: Assan , Minata , Ami , Dikourou , Djeneba, Binta , Fatoumata , Koude , Kadia , Fanta
The Nieta group is comprised of ten women who, on average, are 24 years old and have 4 children. Most of them live in large traditional families in the village of Marka-Coungo (second administrative region of the Republic of Mali). Linked by bonds of marriage, neighborhood and family, these women sell firewood and food products.
After six solidarity loans (group loans), all repaid without problems, this group is seeking its seventh loan from the Soro Yiriwaso microfinance institution program.
They intend to buy 1'200 liters of milk from farmers in Marka-Coungo and from the surrounding villages. They resell part of it to wholesalers coming from large cities such as Bamako (the capital of the Republic of Mali), the remaining part being retailed for cash at the market of Marka-Coungo, on the side of Highway 9, linking Bamako to Ségou. They count on making each a monthly profit of XOF 40'000 (ca US$ 80). The members of the Nieta group intend to open a dairy in Marka-Coungo.
View original language description ↓
Le groupe Nieta est un regroupement de dix femmes ayant en moyenne 24 ans et 4 enfants vivant en majorité dans des familles traditionnelles élargies dans le village de Marka-Coungo(deuxième région administrative de la république du Mali). Unies par des relations de mariage, de voisinage et de parenté, ces femmes font le commerce du bois de chauffe et des condiments alimentaires.
Après six prêts solidaires (prêt de groupe) tous correctement remboursés, ce groupe est à son septième prêt avec le programme crédit de l’institution de microfinance Soro Yiriwaso.
Elles comptent acheter, 1200 litres de lait auprès des éleveurs de Marka-Coungo et des villages environnants. Elles revendent aux grossistes venant des grandes villes telles Bamako (capitale de la république du Mali)une partie et l’autre partie est vendue dans le marché de Marka-Coungo au bord de la route nationale N°9 reliant Bamako à Ségou en détail et au comptant.
Elles envisagent réaliser chacune un bénéfice de 40 000 FCFA par mois.
Les membres du groupe Nieta veulent ouvrir une munie laiterie à Marka-Coungo.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mali

  • $1,200
    Average annual income
  • 53
    View loans »
    Mali Loans Fundraising
  • $10,440,125
    Funds lent in using Kiva
  • 516.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nieta (Essor) Group's $2,925 loan helped a member to buy milk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2008
Listed
Dec 1, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009